Amer Sports Offers Rare Growth Story in Uncertain Sportswear Market, Nomura Says -- Market Talk

Dow Jones11-20

0639 GMT - Amer Sports offers a rare growth story amid an uncertain sportswear market, Nomura analysts say in a research report. Drivers include its diversified and segment-leading brands and proven track record, particularly with the assistance of parent Anta Sports Products, the analysts say. Any adverse effects from a possible U.S. tariff increase on imports from China should be manageable for the owner of outdoor and sports brands, thanks to factors such as its flexibility in switching its supply chain. Nomura lifts its 2024-2026 adjusted Ebitda estimates for Amer Sports by 5%-8%. It also raises the ADRs target price to US$22.70 from US$18.60, with an unchanged buy rating. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 20, 2024 01:40 ET (06:40 GMT)

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Any adverse effects from a possible U.S. tariff increase on imports from China should be manageable for the owner of outdoor and sports brands, thanks to factors such as its flexibility in switching its supply chain. Nomura lifts its 2024-2026 adjusted Ebitda estimates for Amer Sports by 5%-8%. It also raises the ADRs target price to US$22.70 from US$18.60, with an unchanged buy rating. 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Drivers include its diversified and segment-leading brands and proven ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4552","symbol_name":"Archegos爆仓风波概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484151554","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484151554","pubTimestamp":1732084800,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0639 GMT - Amer Sports offers a rare growth story amid an uncertain sportswear market, Nomura analysts say in a research report. Drivers include its diversified and segment-leading brands and proven track record, particularly with the assistance of parent Anta Sports Products, the analysts say. Any adverse effects from a possible U.S. tariff increase on imports from China should be manageable for the owner of outdoor and sports brands, thanks to factors such as its flexibility in switching its supply chain. Nomura lifts its 2024-2026 adjusted Ebitda estimates for Amer Sports by 5%-8%. It also raises the ADRs target price to US$22.70 from US$18.60, with an unchanged buy rating. 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